Binance

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SBF's Main Rival Is Also Going to Prison

Binance founder Changpeng Zhao gets 4 months

(Newser) - Former Binance CEO Changpeng Zhao was sentenced Tuesday to four months in prison for allowing rampant money laundering on the world's largest cryptocurrency exchange. Zhao pleaded guilty in November to one count of failing to take required anti-money-laundering measures and stepped down as Binance agreed to pay $4.3...

Ronaldo Faces $1B Suit Over Endorsement of Binance

Soccer star pitched NFTs tied to his career

(Newser) - A year ago, soccer star Cristiano Ronaldo offered fans a deal that he said would reward them "for all the years of support." He had partnered with Binance on a collection of non-fungible tokens celebrating "an iconic Ronaldo moment." The investment didn't pan out for...

Another Giant in World of Crypto Goes Down

Changpeng Zhao of Binance pleads guilty to money-laundering charge, plans to step down as CEO

(Newser) - The founder of Binance, the world's largest cryptocurrency exchange, pleaded guilty Tuesday to a felony charge that he failed to take steps to prevent money laundering following an investigation by the US government. CEO Changpeng Zhao's company also agreed to pay more than $4 billion in fines and restitution....

Israel Police Snip 'Another String' in Hamas' 'Bow'

Authorities say they've frozen terror group's crypto accounts

(Newser) - The Israel-Hamas war is expected to only escalate , despite more than 2,100 lives on both sides already lost. Israeli police have announced one big move after Hamas' bloody attacks over the weekend, reporting on Tuesday that they'd frozen cryptocurrency accounts used by the terror group. Israeli police said...

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